Many Indians have settled abroad over the years and countries such as the US, Canada, and the UK boast of having a highly vibrant Indian diaspora which contributes heavily toward their economic growth. India is fast emerging as an economic super power and this fact has not gone unnoticed among the NRIs.

They have parked their dollars in India over the years. After the Indian economy was liberalized by the then P. One factor that lured them into investing in India is higher returns on conversion.

The NRIs these days would be keener to invest in an emerging India, which is being ably led by PM Modi and is perceived by the world as a bright spot among EMs Emerging Markets. Given below are some investment options for NRIs. The money held in these accounts will be in rupees.

You can access this as a normal savings account, a term deposit account, or a current account. A foreign currency non-resident bank deposit FCNR is an account where you can deposit your money in foreign currency.

Please note that these accounts are not affected by fluctuations in exchange rates and can be held jointly with an Indian resident. The interest on such accounts is not taxed.

Should NRI file Income Tax returns in India ? | Wealthcom

However, the principal amount is taxed as per the wealth tax regulations. If you seek higher returns on investment, invest in Indian stock markets. However, stock markets are highly sensitive and one must observe the headwinds and the overall outlook carefully before foraying into the share market. Some experts reckon that staying invested for a long term insulates you from immediate happenings. Everything essentially boils down to your risk profile though.

If you have a higher appetite for risk, while the returns might seem attractive, there is always an element of risk. Therefore, study the current market situation carefully and consult experts before taking any decision in this regard.

Mutual funds usually safeguard your capital. Most mutual funds provide NRIs with SIPs that allow you to break your total investment into monthly or quarterly installments. Invest in mutual funds on a repatriable or non-repatriable basis.

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To do list for NRI before leaving India - Financial Checklist for NRI

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4 Best Investment Options For NRIs Looking For High Returns - Goodreturns

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